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  1. This small-cap renewable energy stock hits 10% upper circuit, shares are up 51% so far this year: Here’s why

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This small-cap renewable energy stock hits 10% upper circuit, shares are up 51% so far this year: Here’s why

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2 min read | Updated on August 19, 2024, 15:40 IST

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SUMMARY

The e-scooter will be available through Urja Global Limited's extensive distribution network and on its website, the company said. The new e-scooter is equipped with multiple features including remote lock, anti-theft lock, telescopic shocker and repair switch.

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Urja Global shares locked in 10% upper circuit after hi-speed e-scooter pre-launch

Urja Global shares locked in 10% upper circuit after hi-speed e-scooter pre-launch

Urja Global Limited shares zoomed 10% to hit the upper circuit limit of ₹22.13 apiece on the NSE on Monday, August 19, after the renewable energy firm announced the pre-launch of its new high-speed electric scooter.

In a filing to the stock exchanges after market hours on Friday, the company announced the pre-launch of its high-speed electric scooter, Chetna.

“Urja Global Limited, a renowned leader in renewable energy and electric vehicle innovation, proudly announces the pre-launch of its new high-speed electric scooter, Chetna. Certified with the Homologation Certificate, this cutting-edge scooter is designed to cater to the modern family's needs, combining advanced technology with sleek design and safety features,” the company said in a press release.

The new e-scoter is equipped with multiple features, including a remote lock, anti-theft lock, telescopic shocker, and repair switch. The noise-free vehicle also has comfortable seats, a disk brake, and a mobile charging point for the rider's convenience.

Chetna comes with a state-of-the-art Lithium-Ion (Li-Ion) battery, providing a range of over 100 kilometres on a single charge. “Its innovative design prioritises safety and comfort, making it an ideal choice for family commuting. The scooter's stylish appearance and robust build reflect Urja Global's commitment to quality and sustainability,” the company said.

The e-scooter will be available through Urja Global Limited's extensive distribution network and on the company's e-commerce website.

“Once booked online, the company will deliver the scooter directly to your doorstep, ensuring a seamless and convenient purchasing experience,” Urja Global said.

The company informed the bourses that the new hi-speed e-scooter is fully compliant with RTO registration requirements. This allows customers to register the scooter with the regional transport office, ensuring full road legal status across India.

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